Holocene Advisors LP Purchases Shares of 202,864 Las Vegas Sands Corp. (NYSE:LVS)

Holocene Advisors LP purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 202,864 shares of the casino operator’s stock, valued at approximately $10,212,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC grew its position in Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Las Vegas Sands during the third quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new position in shares of Las Vegas Sands in the third quarter worth approximately $43,000. GAMMA Investing LLC grew its holdings in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the last quarter. Finally, Vestor Capital LLC bought a new position in shares of Las Vegas Sands in the third quarter worth approximately $43,000. 39.16% of the stock is currently owned by institutional investors.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This represents a 28.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 203,732 shares of company stock valued at $10,861,707 in the last quarter. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LVS shares. Wells Fargo & Company raised their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. UBS Group raised their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Mizuho raised their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus raised their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Barclays raised their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.00.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $53.90 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $39.08 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.45 and a beta of 1.10. The business has a fifty day simple moving average of $51.21 and a two-hundred day simple moving average of $45.12. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. On average, equities analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.